Corporate Procedure
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- SOC Compliance Committee
- RESPONSIBILITIES
- SOC Compliance Area Leads
- SOC Single Point of Contact
TERMS AND DEFINITIONSThe following definitions supplement those contained in 18 C.F.R. Part 358 and the Exelon Corporate Compliance Program, LE-AC-20: Annual: Annual for purposes of FERC SOC implementation is defined as being within a calendar year. This definition may differ from the meaning of annual in the context of implementation of other compliance programs (e.g., NERC). Chief Compliance Officer or CCO: See Responsibilities section. Corporate Compliance Office: See Responsibilities section. Document or Record: Any document or record, including electronic media, prepared, maintained or held by any agent or employee of Exelon, including any such documents of an independent contractor, stock transfer agent, registrar, paying agent, indenture trustee or other person employed by Exelon to perform services with respect to the company, insofar as such person is accountable to the company. Employee: The term “Employee” in this procedure includes personnel directly employed by Exelon or an Exelon affiliate as well as any contractors, consultants, and agents performing work on behalf of Exelon or an Exelon affiliate. Marketing Function: Sale for resale or submission of offers to sell electric energy or capacity, demand response, virtual transactions or financial or physical transmission rights, all as subject to an exclusion for bundled retail sales, including sales of electric energy made by Providers of Last Resort (POLRs) acting as a POLR; sale for resale or offer to sell for resale natural gas, subject to an exclusion for bundled retail sales. Marketing Function Employee: Employee, contractor, consultant or agent of a Transmission Provider or of an affiliate of a Transmission Provider who actively and personally engages on a day-to-day basis in Marketing Functions. See Appendix A for guidelines that can be used in identifying Marketing Function Employees. Marketing Affiliate: An affiliate of an Exelon Transmission Provider that sells power or energy for resale in interstate commerce and employs Marketing Function Employees (for example, the Constellation wholesale energy group). OASIS: The Open Access Same-Time Information System maintained by PJM and utilized by the Exelon Transmission Provider. PJM: PJM Interconnection, L.L.C. PJM Tariff: The PJM Open Access Transmission Tariff on file with the FERC and which sets forth the rates, terms and conditions of transmission service over transmission facilities located in the PJM Control Area. Posting Personnel: See Responsibilities section. SOC Compliance Area Lead: See Responsibilities section. SOC Compliance Committee: See Responsibilities section.SOC Single Point of Contact: See Responsibilities section.SOC Team: SOC Compliance Area Leads, SOC Single Point of Contact, and Posting Personnel. Training Group: Employees whose role and/or responsibilities require them to complete FERC SOC training. Transmission: Electric transmission, network, or point-to-point service, ancillary services, or other methods of electric transmission, or the interconnection with jurisdictional transmission facilities. Transmission Function: Planning, directing, organizing or carrying out of day-to-day transmission operations, including the granting and denying of transmission service requests. Transmission Function Employee: Employee, contractor, consultant or agent of a transmission provider who actively and personally engages on a day-to-day basis in Transmission Functions. See Appendix A for guidelines that can be used in identifying Marketing Function Employees. Transmission Function Information: All information relating to Transmission Functions, including information about available transmission capability, price, curtailments, ancillary services, and the like regarding any transmission system. Transmission Provider: The Exelon organizations engaged in a Transmission Function (currently ACE, BGE, ComEd, Delmarva, PECO, and Pepco). RESPONSIBILITIESChief Compliance Officer (CCO)Exelon shall designate a person with a working knowledge of Exelon, its structure and operations, to serve as CCO with responsibilities including ensuring compliance with the FERC Standards of Conduct and the governing Exelon Policies and Procedures relating to such. The responsibilities of the CCO shall be to maintain oversight of the implementation of the SOC regulations and, with the assistance of the Officers, to provide any needed support to the overall SOC Team in its efforts to implement the requirements. SOC Compliance Area LeadsAll major Exelon operating companies will appoint a SOC Compliance Area Lead to assist with the day-to-day implementation and management of SOC issues for their respective organization. SOC Compliance Area Lead responsibilities may include assistance with Employee training or related efforts, answering Employee questions, ensuring that appropriate records are maintained, and coordinating audits and investigations (internal and with FERC enforcement authorities), as well as other duties identified in this procedure to ensure that Exelon complies with the Standards of Conduct.SOC Single Point of ContactExelon will designate an individual as the SOC Single Point of Contact for SOC issues. That individual is responsible for day-to-day management of the Exelon SOC compliance program, including oversight of the controls contained in this procedure. The SOC Single Point of Contact shall advise the CCO on the oversight of Exelon’s SOC compliance program, advise the SOC Compliance Area Leads on actions to achieve compliance with this procedure, and assist the SOC Compliance Area Leads in implementing SOC compliance actions. Specific duties of the SOC Single Point of Contact include: managing this procedure and revising it as appropriate; responding to questions on SOC compliance or this procedure raised by the CCO, SOC Compliance Area Leads, and other Exelon Employees; conducting Investigations of allegations of Exelon’s noncompliance with the SOC; providing feedback to personnel raising SOC concerns; and conducting or overseeing occasional self-assessments of Exelon’s compliance with this procedure.Directory: SiteCollectionDocuments SiteCollectionDocuments -> Emerging Transport Technologies SiteCollectionDocuments -> Lesson Plan What are smart goals? 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